Legal & General Group Plc Raises Position in Education Realty Trust, Inc. (EDR)

Legal & General Group Plc boosted its holdings in Education Realty Trust, Inc. (NYSE:EDR) by 12.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 250,722 shares of the real estate investment trust’s stock after acquiring an additional 27,946 shares during the period. Legal & General Group Plc owned 0.33% of Education Realty Trust worth $9,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Education Realty Trust by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,917 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 477 shares during the last quarter. GAM Holding AG boosted its stake in shares of Education Realty Trust by 5.0% during the 2nd quarter. GAM Holding AG now owns 6,360 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 300 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Education Realty Trust by 87.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,758 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,158 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in shares of Education Realty Trust by 4.5% during the 2nd quarter. ETRADE Capital Management LLC now owns 7,534 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 323 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Education Realty Trust during the 2nd quarter worth about $311,000.

In other Education Realty Trust news, Chairman Randy L. Churchey purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average price of $35.01 per share, for a total transaction of $700,200.00. Following the completion of the acquisition, the chairman now owns 149,506 shares of the company’s stock, valued at approximately $5,234,205.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Edwin B. Brewer, Jr. purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average price of $35.01 per share, for a total transaction of $175,050.00. The disclosure for this purchase can be found here. Company insiders own 0.50% of the company’s stock.

Shares of Education Realty Trust, Inc. (EDR) opened at $36.10 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.29 and a quick ratio of 0.29. Education Realty Trust, Inc. has a 12-month low of $34.67 and a 12-month high of $42.80. The stock has a market cap of $2,727.10, a P/E ratio of 18.95, a P/E/G ratio of 3.16 and a beta of 0.44.

Education Realty Trust (NYSE:EDR) last released its earnings results on Monday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.31). Education Realty Trust had a return on equity of 2.01% and a net margin of 11.33%. The company had revenue of $75.36 million during the quarter, compared to analyst estimates of $69.22 million. During the same period in the prior year, the business posted $0.26 earnings per share. Education Realty Trust’s revenue was up 13.8% on a year-over-year basis. analysts anticipate that Education Realty Trust, Inc. will post 1.9 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.39 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.32%. Education Realty Trust’s dividend payout ratio is presently 339.14%.

Several equities research analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating on shares of Education Realty Trust in a research note on Wednesday, November 1st. Robert W. Baird set a $38.00 price target on shares of Education Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, October 31st. FBR & Co reaffirmed a “buy” rating and set a $44.00 price target on shares of Education Realty Trust in a research note on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and set a $47.00 price target on shares of Education Realty Trust in a research note on Wednesday, September 6th. Finally, Royal Bank of Canada decreased their price target on shares of Education Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Education Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $41.60.

TRADEMARK VIOLATION NOTICE: “Legal & General Group Plc Raises Position in Education Realty Trust, Inc. (EDR)” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/12/13/legal-general-group-plc-raises-position-in-education-realty-trust-inc-edr.html.

Education Realty Trust Profile

Education Realty Trust, Inc (EdR) is a self-managed and self-advised real estate investment trust (REIT). The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. The Trust operates through three segments: collegiate housing leasing, development consulting services and management services.

Institutional Ownership by Quarter for Education Realty Trust (NYSE:EDR)

Receive News & Ratings for Education Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Education Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply